Lockheed Martin Quarterly Cash Flow Statement
NYSE: LMTIndustrialsMilitary/Government/TechnicalUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lockheed Martin free cash flow
In the quarter ended Jun 28, 2026, Lockheed Martin generated $3.23 billion of operating cash flow and spent $318.0 million on capital expenditures. That left free cash flow of $2.92 billion, a free-cash-flow margin of 14.5% of revenue. Lockheed Martin returned $796.0 million to shareholders through dividends, equal to 27% of free cash flow.
Free cash flow covered dividend payments 3.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Lockheed Martin cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-28 | Q1 20262026-03-29 | Q4 20252025-12-31 | Q3 20252025-09-28 | Q2 20252025-06-29 | Q1 20252025-03-30 | Q4 20242024-12-31 | Q3 20242024-09-29 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.84B | 1.49B | 1.34B | 1.62B | 342.00M | 1.71B | 527.00M | 1.62B | 1.64B | 1.54B | 1.87B | 1.68B |
| Net Income growth (YoY) | +436.84% | -13.08% | +155.03% | -0.25% | -79.16% | +10.81% | -71.76% | -3.62% | -2.38% | -8.53% | -2.41% | -5.29% |
| Depreciation & Amortization | 400.00M | 398.00M | — | — | 399.00M | 397.00M | — | — | — | — | — | — |
| Stock-Based Compensation | 97.00M | 83.00M | 89.00M | 74.00M | 81.00M | 60.00M | 48.00M | 75.00M | 93.00M | 61.00M | 44.00M | 75.00M |
| Change in Working Capital | 409.00M | 1.37B | 1.05B | -46.00M | -1.74B | 1.46B | -852.00M | 387.00M | -305.00M | 585.00M | 127.00M | 1.29B |
| Operating Cash Flow | 3.23B | 220.00M | 3.22B | 3.73B | 201.00M | 1.41B | 1.02B | 2.44B | 1.88B | 1.64B | 2.37B | 2.89B |
| Capital Expenditures | -318.00M | -511.00M | -463.00M | -381.00M | -351.00M | -454.00M | -582.00M | -355.00M | -370.00M | -378.00M | -704.00M | -364.00M |
| Investing Cash Flow | -349.00M | -541.00M | -513.00M | -319.00M | -715.00M | -430.00M | -838.00M | -210.00M | -372.00M | -372.00M | -703.00M | -398.00M |
| Dividends Paid | -796.00M | -816.00M | -799.00M | -765.00M | -771.00M | -796.00M | -778.00M | -749.00M | -752.00M | -780.00M | -767.00M | -747.00M |
| Share Repurchases | 0 | 0 | -750.00M | -1.00B | -500.00M | -750.00M | -1.00B | -850.00M | -850.00M | -1.00B | -3.00B | -1.75B |
| Debt Issued | — | — | 0 | 1.99B | 0 | 0 | 990.00M | 0 | 0 | 1.98B | 0 | 0 |
| Debt Repaid | -168.00M | -1.00B | -500.00M | 0 | -142.00M | 0 | 0 | 0 | — | — | 0 | -115.00M |
| Financing Cash Flow | -989.00M | -1.91B | -2.06B | -1.23B | 4.00M | -1.66B | -853.00M | -1.60B | -1.77B | 85.00M | -3.77B | -2.62B |
| Net Change in Cash | 1.90B | -2.23B | 651.00M | 2.18B | -510.00M | -680.00M | -668.00M | 628.00M | -267.00M | 1.35B | -2.11B | -122.00M |
| Free Cash Flow | 2.92B | -291.00M | 2.76B | 3.35B | -150.00M | 955.00M | 441.00M | 2.08B | 1.51B | 1.26B | 1.66B | 2.53B |
This table shows 12 quarterly periods of Lockheed Martin's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow LMT's reporting calendar. What is a cash flow statement?